Power sector receivables touch Rs779 billion
Highest percent of losses were recorded for Peshawar Electric Supply Company (Pesco) at 36.6 percent, 35.7 percent for Sepco and 19.1 percent for Hesco
1st unit of Tarbela fourth extension project commences generation
The official shared the second unit of Tarbela 4th extension hydropower project was also put in wet commissioning three days ago and the second unit is set to enter its reliability in the first week of July
Rupee devaluation could attract foreign investors back into stock market
Foreign investors have been pulling out their money from the stock market and were net sellers of $266 million during FY18 compared to $728 million in the corresponding period of last year
Petrol prices up by Rs4.26, Diesel by Rs6.55
Accordingly, after the hike, petrol would be sold at Rs91.96 per litre, HSD at Rs105.31, SKO at Rs84.34 and LDO at 74.99. These prices would be effective from June 12 till June 30, 2018.
Islamic banking’s assets grew 2.8pc in Q12018
ISLAMABAD: Assets of the Islamic banking industry increased by 2.8 per cent during the quarter from January to March 2018 and were...
FPCCI invites political party’s chiefs to present economic agenda, roadmap
KARACHI: The Federation of Pakistan Chambers of Commerce and Industry's (FPCCI's) Senior Vice President and Chairman, Budget Advisory Council, Syed Mazhar Ali...
Govt needs to rethink ban on non-filers from investing in property: ICCI
ISLAMABAD: Islamabad Chamber of Commerce and Industry (ICCI) Acting President Muhammad Naveed Malik has called upon the government to review the decision...
On last day in office, Abbasi govt raised LNG import margins
ISLAMABAD: The Pakistan Muslim League-Nawaz (PML-N) government increased profit margins on liquefied natural gas (LNG) imports quietly on the last but one day to...
JW Forland plans to produce dump, cargo trucks in Pakistan
KARACHI:Â JW Forland has planned to produce dump trucks, cargo trucks, and special purpose vehicles in Pakistan with an installed capacity of 30,000...
Pakistan uses up Chinese trade financing facility to repay debt
In the current fiscal year 2017-18, China has given about 40 per cent of total foreign loans.
Energy: colliding visions for powering Pakistan
Both the PTI and PML-N offer competing proposals for how best to manage Pakistan’s electricity generation sector
PSDP update: Rs15,520mn released for petroleum, natural resources division
ISLAMABAD:Â The government has released around Rs15,520.056 million for the Petroleum and Natural Resources Division under the Public Sector Development Programme (PSDP 2017-18)...
Water crisis to severely damage agro-economy, warns ICST
ISLAMABAD: The Islamabad Chamber of Small Traders (ICST) on Sunday said the water crisis has developed into a drought like condition to...
Dream come true: Thar Block II unearths coal
ISLAMABAD: In a discovery that has brought hope to millions in the energy-starved nation, the first layer of indigenous coal from Thar...
Launch of KIA Rio 2018 could threaten car industry’s ‘big three’
LAHORE: The KIA Rio 2018 has reportedly been displayed at the showroom of KIA lucky motors Pakistan, causing speculation in car enthusiasts...